Why Litecoin Is Identically Good Or Better Than Bitcoin, Seeking Alpha
Jul. Ten, 2018 Five:22 PM
Both Bitcoin and Litecoin are deflationary.
Litecoin payment confirmations are quicker.
Litecoin is more adaptive to technical up-scaling.
Both coins can vleierij each other.
Comparing two stocks to find out the relatively better value buy is fairly effortless for a traditional research analyst who deals with equity market. The number of parameters available for comparison is broad and time tested, kicking off from a plain quarterly result’s netwerken profit to ingewikkeld ones like debt equity ratio, PE, trailing EPS etc. Stocks are categorized by its market capitalization and industry to make the explore more focused. But when comes to crypto world, wij don’t have any time tested parameters to filer out the naked ones from others which are promising and disruptive te nature. So an investor who determined to invest te crypto currencies have to overcome this black-hole by using some elementary traditional mechanisms which requires normal IQ level only. Let us very first discuss about the similarities inbetween thesis two coins and then step te to future outlook of Litecoin. 1. Both Bitcoin and Litecoin are deflationary
Thesis crux behind the deflationary nature is ordinary defined by the request supply logic ter basic economics. The supply of both thesis coins will be tapered ter coming years and at the same time request will be enlargening if something catastrophic is not happening te crypto space. Bitcoin will have 21 million coins te its entire life span and Litecoin will have 84 million, which is exactly Four times that of Bitcoin. Considering the fact that te early days, people talent little importance on secure storage, millions worth coins were lost which cannot be recovered by any chance. This is the reason why both of thesis coins are considered deflationary te nature. The current supply of Bitcoin is almost 16.Four million whereas Litecoin has 51.85 million coins te circulation.
“When I released Litecoin there were a lotsbestemming of other cryptocurrencies that were pre-mined by founders wished to be super rich. I preannounced Litecoin on Bitcointalk, so people could mine it from the get go. It wasgoed more widely distributed from the commence than Bitcoin.” Charlee Lee, Litecoin founder
Two. Litecoin payment confirmations are swifter
The block generation time of Bitcoin is Ten minutes and Litecoin is Two.Five minutes. Ter elementary terms, it means that transactions are confirmed Four times swifter te Litecoin. The downside of smaller block generation time is, it is effortless for reversal of transaction compared to a larger block. Since the value of Bitcoin is high, Litecoin’s future lies te using it for puny transactions spil the transaction fees associated is negligible compared to Bitcoin’s transactions.
Litecoin has a large economy and our technology works on Litecoin with almost no switches. Wij like ethereum too, but ethereum is too different from bitcoin for us to lightly switch. Litecoin has the best combination of economic size and technical similarity to bitcoin. On Litecoin, transaction fees are only a few cents. This means users can conveniently fountain only $1 onto our network while still paying negligible fees. This is a radically lower barrier to entry compared to $100 for bitcoin. Litecoin is one hundred times better for our application today than bitcoin. Ryan X. Charles, Yours
Trio. Both coins are based on “Proof of Work” concept
Future Outlook for Litecoin
Litecoin is more adaptive to technical up-scaling
If wij compare the history and road-map of Bitcoin and Litecoin, it is overduidelijk that the zometeen has bot well ahead ter adapting fresh improvement plans. Segwit is already activated te Litecoin without any political doldrums. The founder Charlee Lee has joined back at Litecoin foundation after his stint ter coinbase. The team behind Litecoin is now working on Lightning network and adding brainy contracts. Once implemented successfully, thesis two projects can switch the future of Litecoin.
I believe Litecoin will be the very first crypto to implement lightning network which would increase the scalability of transactions. Ind is one of the implementations which is te the final stages and expected to finish ter next 6 months. Once lightning network is implemented, the number of transactions vanaf 2nd can grow to millions.
The future road-map of Litecoin shows its rente ter anonymous wise contracts. Wise crypt vault is one of the items on the roadmap Charlie Lee is excited about. The technology combines Paal (Merkelized abstract syntax trees) and covenants – script combinations that restrict how coins are spent. The team is expecting a positive outcome te this month on this spil vanaf Charlie’s tweet.
Charlee Lee introduced Litecoin spil “silver crypto currency” when Bitcoin took the name of “Crypto gold”. If wij understand the fundamental logic behind both the coins, wij don’t need rocket science skill or high IQ to understand the fact that Litecoin is strenuously undervalued. The ideal price of Litecoin is ultimately pegged with 1/4th of Bitcoin price. This is by the ordinary calculation of supply of coins, 21 million vs 84 million. According to google keyword search, Litecoin is still not ter limelight like Bitcoin or Ethereum. This can switch te near future and both the coins can vleierij each other on a long run.
“Litecoin versus Bitcoin is like Facebook versus Google Plus,” says Lee. “It would be hard for Plus to overtake Facebook. But if something catastrophic happens to Bitcoin, I could see Litecoin placed to overtake it.” Charlee Lee, Litecoin founder
I am not sure how much Bitcoin is overvalued or undervalued. But I am sure that Litecoin is undervalued when compared with Bitcoin. One final question to my readers, If Visa and Mastercard can co-exit and supplement each other, why not Bitcoin and Litecoin??
“Price Is What You Pay, Value Is What You Get”
The only factor that differentiate Bitcoin with Litecoin is its popularity. But the catch up rally is awaiting and it is not so far.
Disclosure: I/wij have no positions te any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it voices my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned te this article.